Quant Price Prediction: QNT/USD Accelerates Higher as Bulls Aim $160 Level
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Quant Price Prediction – January 16
The Quant price prediction will recover to the upside as the coin gets ready for a cross above the upper boundary of the channel.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $180, $200, $220
Support levels: $100, $80, $60
QNT/USD is ranging as the coin keeps moving above the 9-day and the 21-day moving averages. Meanwhile, the market will become lower for new and existing buyers to enter the market if the coin cross below the moving averages. Conversely, should the bulls fail to push the price upward, the Quant price may continue with the sideways movement before heading to the upside.
Quant Price Prediction: QNT/USD Would Move Higher
The Quant price will break above the upper boundary of the channel as soon as the bulls make the coin to reclaim the $145 resistance. However, any further bullish movement above the upper boundary of the channel will hit the potential resistance levels of $180, $200, and $220.
On the other hand, the upward movement may be delayed if the coin slides and face the lower boundary of the channel, and this could touch the support levels of $100, $80, and $60. Moreover, the technical indicator Relative Strength Index (14) remains within the overbought region, keeping the coin on the upside.
QNT/USD Medium-term Trend: Bullish (4H Chart)
Looking at the 4-hour chart, the Quant price remains above the 9-day and 21-day moving averages and the bulls need to increase the buying pressure and push the coin to touch the major resistance level at $150. If the buyers push the price above the upper boundary of the channel, higher resistance could be located at $160 and above.
Moreover, the technical indicator Relative Strength Index (14) could move below the 70-level, encouraging new and existing buyers to invest in the coin. Therefore, should the bulls fail to move the current market value above, the bears could revisit the market, and the nearest support level could be found at $130 and below.
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